Hi Friends,
NIFTY TREND : DOWN
Reason 1: Low closed bearish bar and closed below the previous bar.
Reason 2: You can see divergence in RSI for the previous swing
Reason 3: You can see price looking to start a down trend.
Reason 4: Price is at resistance
POINT OF FAILURE: ABOVE 6066 THE ABOVE ANALYSIS WILL FAIL
WE CAN LOOK FOR " SHORT TRADES" FOR THE WEEK....
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| NIFTY WEEKLY CHART |
Reason 1: Low closed bearish bar and closed below the previous bar.
Reason 2: You can see divergence in RSI for the previous swing
Reason 3: You can see price looking to start a down trend.
Reason 4: Price is at resistance
POINT OF FAILURE: ABOVE 6066 THE ABOVE ANALYSIS WILL FAIL
WE CAN LOOK FOR " SHORT TRADES" FOR THE WEEK....
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